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December 21, 2012
17:05 EDTWTRAqua America subsidiary to adopt repair tax accounting change in 2012
Aqua America announced that it intends to adopt the repair tax accounting change for its Pennsylvania subsidiary on Aqua America's 2012 federal income tax return to be filed in September 2013. This change, which the company previously announced it was evaluating, allows a tax deduction for investments that were formerly capitalized for tax purposes. The company will use flow-through accounting for the tax benefits of the repair tax accounting change per its previously disclosed Pennsylvania rate order from June 2012. The proposed action is a frequently implemented tax benefit that has been used by numerous companies, including utilities in recent years.
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October 9, 2014
13:33 EDTWTRAqua America unit acquires assets of Spartan Village water systems
Aqua America announced that its New Jersey subsidiary, Aqua New Jersey, acquired the assets of the Spartan Village water and wastewater systems from Spartan Village for $1, with plans to invest approximately $375,000 for upgrades to distribution pipes, meters and the wastewater plant. The systems serve approximately 650 people in North Hanover Township and Wrightstown Borough, both in Burlington County where Aqua New Jersey currently serves three other communities. The transactions bring the number of regulated acquisitions Aqua America subsidiaries have completed this year to 13.

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